Do competent managers increase labor productivity? Evidence from Korea

Donghwan Ahn, Shiyong Yoo and Seungho Cho

Journal of Derivatives and Quantitative Studies: 선물연구, 2023, vol. 31, issue 3, 242-260

Abstract: - This study investigates the effect of managerial ability on labor productivity by analyzing various methods in the firm-year panel data of listed firms in South Korea from 2002 to 2019. Managerial ability was analyzed using the measurement method of Demerjianet al.(2012), while labor productivity was analyzed using value-added and sales. The authors find that managerial ability has a positive effect on labor productivity. In other words, the productivity of employees improves with the appointment of a manager with higher abilities. The study’s findings suggest that firms should consider managerial ability as a means of improving labor productivity.

Keywords: Managerial ability; Managerial efficiency; Labor productivity; Value added; Data envelopment analysis; Dynamic panel model; G30; G32; J24 (search for similar items in EconPapers)
Date: 2023
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Persistent link: https://EconPapers.repec.org/RePEc:eme:jdqspp:jdqs-01-2023-0002

DOI: 10.1108/JDQS-01-2023-0002

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